Microsoft has released the 2012 U.S. Payroll Tax Update for Microsoft Dynamics GP 2010 and 10.0.* If you’ve been following the news, the extension on the payroll tax cut is still up in the air. The IRS has advised Microsoft to revert back to what is on the Notice 1036, which is 6.2% withholding and a $110,100 limit on Social Security. The IRS is not optimistic this will be decided before the end of the year, and it is better to over-withhold than under-withhold. If it changes back to 4.2%, Microsoft will re-release the tax update, and Gilchrist Scott will re-post instructions on how to correct any over-withholdings.
Since the 2012 tax tables include the change from 4.2% to 6.2%, it is important to install this update AFTER creating the year-end wage file for the 2011 year.
The tax update also contains changes for the following states:
California
District of Columbia
Hawaii
Kentucky
Maine
Maryland
Massachusetts
Minnesota
New Mexico
North Dakota
Oregon
Rhode Island
Vermont
Contact us with any questions regarding your year-end process. (207) 761-2133 or support@gilchristscott.com.
In this demonstration, you’ll see how Microsoft Dynamics GP can help meet your business needs in the areas of customer credit line management, shipping, and order allocation.
The Microsoft Dynamics® Convergence® 2011 conference was a smashing success, and now is the time to look toward a new frontier. Start planning now to join us next year for Convergence 2012.
March 18 to 21, 2012
George R. Brown Convention Center
Houston, Texas
Convergence is the best opportunity for you to get a firsthand look at the latest innovations that will help you optimize your business and improve your bottom line.
A World of Reasons to Attend
Convergence 2012 is “A World of Opportunity.” It will be an experience rich with business value where you’ll learn, share, and establish new relationships. Since this Convergence is actively targeting a global audience, the opportunity for you to make new and valuable connections is greater than ever before.
We Hope to See You There
Contact us if you have any questions about Convergence 2012. We look forward to seeing you in Houston next March!
Mark your calendar - the US Payroll Year-end Update for Dynamics GP is scheduled to release November 17th. This update will be required for all U.S. customers to install.
Changes include:
W2 and W3
EFW2 (magentic media)
1099 R for pension payroll
1099 payables Dividend
Fixed assets luxury depreciation
FICA Social Security
There are also changes to the SQL tables included in this update, to add the new EmployerKind data in the Dynamics and Company databases, in the following tables:
W2000006
UPR40100
UPR10100
There will also be several Bug Fixes for other modules, including Inventory, Manufacturing, Project Accounting, Sales, Field Service, eConnect and Extender.
As a reminder, the release schedule is tentatively scheduled as follows:
US Payroll 2011 Year End update will release mid-November 2011.
Canadian Payroll Year End Update will release mid-December 2011.
US Payroll 2012 Tax Round 1 will release mid-December 2011.
US Payroll 2012 Tax Round 2 will release in January 2012.
These updates are only available for supportedversions: Microsoft Dynamics GP 10 and GP 2010. Click HERE for information on our 4th Quarter Upgrade Special.
Contact us to schedule assistance with these payroll updates, or to discuss an upgrade.
The next release of GP has some very exciting new features.This is the first release of GP that is geared towards cloud environment deployments.The “Software as a Service” initiative Microsoft has been plugging for quite some time has come to Dynamics GP 12.
·Web Based Architecture – Dynamics GP 12 will be deployed in 2 distinct architectures.We can deploy using the standard 2-tier client/server architecture with a SQL server and either workstation installations of a terminal server/Citrix server.GP 12 will also be able to be deployed using web client architecture.The SQL server will remain the same, but now we can deploy a web server to serve up the client via Internet Explorer using ASP.Net and Silverlight.No more client installations on workstations or Terminal Server/Citrix servers.
·Named System Database – GP 12 will now allow you to rename the DYNAMICS database which will vastly simplify cloud hosting by allowing multiple customer organizations to be hosted in multi-tenant SQL environments on one instance
·Multitenant Service Architecture – Multi-tenant services will create a tenant configuration service that can be used by GP Web, Web Services, eConnect, Integration Manager and other applications as needed in order to support multiple customer organizations on a single instance of the application.
·Printing – GP 12 will now allow you to change the printer at the time of printing the documents (I can hear everyone clapping as I write this).
Year-end is approaching quickly. If you are processing payroll using Dynamics GP, be ready for the following tentative schedule from Microsoft:
US Payroll 2011 Year End update will release mid-November 2011.
Canadian Payroll Year End Update will release mid-December 2011
US Payroll 2012 Tax Round 1 will release mid-Decmeber 2011
US Payroll 2012 Tax Round 2 wlil release in January 2012
Remember, supported versions include Microsoft Dynamics GP 10 and GP 2010 (version 11). If you are currently using version 9.0, please contact us for an upgrade estimate.
Thank you to all who attended the GPUG (GP Users Group) meeting on Wednesday, September 21st!
One of the highlights of the meeting was a demo by Papersave. This company offers a flexible, scalable and secure document management solution that is built on Microsoft technology. This paperless solution seamlessly integrates with GP and CRM, providing the benefits of eliminating a paper based filing system. Going paperless offers many benefits including:
·Sharing records effortlessly – collaboration is a cinch.
·Safely storing important files – the risk of misplacing or damaging information is reduced.
·Organizing for efficiency – companies that “go paperless” are driven to improve processes.
·Responsibly using resources – using less paper and toner is “green” and cost-effective.
According to The Nature Conservatory, 36 million acres of trees are cut down every year. Deforestation accounts for 20-25% of the greenhouse gasses emitted into the atmosphere each year. An average document will be copied 19 times during its lifetime. Electronic document management is not only the logical way to run your business, but the responsible way as well.
For more information on Papersave or GPUG, please contact Chris Castaldo.
“They say that time changes things, but you actually have to change them yourself”
Andy Warhol
Dynamics GP Partners: Do you remember Stampede? Are you looking for an opportunity to connect, gain insight, improve your bottom line? Are you looking for new strategies while preserving the core that’s made you successful? If so, you need to attend GP Partner Connections 2011, November 6-8 at Caesar’s in Las Vegas.
Connections has become an exclusive planning, training, and networking conference for Dynamics GP partners from all over the country. This will be the 3rd year of a grass roots effort to bring value back into the Partner Channel.
Who should attend? Consultants, Developers, Practice Managers, Project Managers, and business leaders in any Dynamics GP ISV or Consulting practice.
